Biden administration climate envoy John Kerry recently talked to BBC News about how he believes climate change will impact the 2024 elections.
While the BBC and Kerry regard climate change as a critical concern, only 2% of Americans view climate change as a very important problem.
Voters care about the economy, the border, and low gasoline prices. The public generally understands that the United States has a large comparative advantage in the oil and natural gas sector. [emphasis, links added]
To contest these understandings in advance of the November presidential elections, Kerry sought to present a rosy picture of the transition from a carbon-based economy to a green energy economy.
The facts are not on Kerry’s side.
Research by Professor John Cochrane of the Hoover Institute and Professor Gordon Hanson of Harvard University demonstrates that an abrupt transition to a green economy would undermine economic growth and recreate the economic conditions of Appalachia in affluent communities that are dependent on carbon-based industries.
Cochrane further suggests that under the most dire forecasts, without action by world governments, by 2100 climate change will reduce U.S. GDP by as little as 5-10%. That’s couch change.
Even with today’s low 2% per year GDP growth rate, the U.S. economy in 2100 would be 160% larger than today. If the promises of artificial intelligence are realized, the U.S. economy in 2100 will be five times larger than today. An economy of $150 trillion would be able to deal with the effects of climate change easily.
Top line? In the 2024 elections, Americans will vote for policies that promote economic growth. They will not vote for European-style policies which are leading to the deindustrialization of Western Europe. In terms of per capita GDP, the U.S. is already 40% wealthier than Europe.
Kerry also demonstrated ignorance about public attitudes toward President Joe Biden’s possibly unconstitutional decision to suspend new export licenses for liquefied natural gas facilities.
The country is not happy about that decision — with good reason. The competitor gas-rich nation of Qatar is accelerating its development of LNG export facilities to take advantage of Biden’s economic delusion.
It gets worse. Because Kerry also appears to be unfamiliar with the current economics of electric vehicles, Americans are demonstrating with their purchase decisions that they are not in a hurry to buy EVs.
Indeed, EVs are a financial black hole for Ford and GM. Ford loses $36,000 per vehicle sold. Yes, you read that right. A $36,000 loss per vehicle. That is not sustainable. Both Ford and GM are reducing their capital investments in EVs.
Climate envoy Kerry clearly has not done his homework on the economics of climate change or the mood of the public. People care more about inflation and jobs than the temperature.
On the economy, former President Donald Trump enjoys a large advantage. Put another way, Kerry isn’t doing Biden any favors.
Top image via YouTube screencap
Read more at Washington Examiner
The BBC is just a British version of CNN leftists Propaganda all the way
Anyone genuinely worried about anthropogenic climate change must address the situation in India, China and the Far East. It is irrational to ruin western economies for no measurable impact on global atmospheric CO2 while fossil fuel consumption is increasing in some countries year on year.
Sounds fair, but you have to first ask anyone who genuinely worries about AGW to explain why. Because they believe what they’ve been told by politicians?
Because Al Gore said that the science is settled? Because they see global warming happening before their own eyes, on TV? I say they haven’t seen anything yet. Wait until Artificial Intelligence blows what’s left of their minds.
Artificial Intelligence can do some truly amazing things, but it is just a vulnerable to being manipulated for political reasons. One major AI drawing program refused to draw Caucasians for diversity and inclusion reasons. If asked to draw Vikings, it would draw black Vikings. The current computerized climate models are specifically designed to support the climate fraud. The same can be done with AI.
Especially when it turns out that CO2 is a harmless atmospheric gas that has nothing to do with global warming, much less any climate change!
That from a Washington publication? WAPO next?
No. WAPO is what David Lewis just described. They’re not thinking about what’s best for America, only what’s best for the Democrats.
Many people are habit voters. They continue to vote for candidates and the party that they have voted for in the past. Habit votes don’t realize it when they are voting for candidates that no longer serve their best interests. John Kerry’s agenda is very contrary to the best interest of most Americans. This has become extreme enough that the people may start to notice and break their traditional habits in voting. We need a big change in who is in charge and perhaps with his and Biden’s extreme policies we might get the much needed changes.
David….
I totally agree with you.
And that is what is needed to get the swamp creatures tossed out.
So just when will Kerry the Scary be flapping his arms and trying to fly?